Ball Corp extends $3.5 billion credit facilities to November 2030
On November 25, 2025, Ball Corporation entered into a Sixth Amendment to its credit agreement, refinancing its existing term loan A and revolving facilities with new facilities totaling $3.5 billion and extending their maturity from June 28, 2027 to November 25, 2030. Ball said it intends to use the net proceeds to refinance its existing senior secured credit facilities and for general corporate purposes. For shareholders, the filing shows longer debt maturities, with interest margins tied to Ball's net leverage ratio and a maximum net leverage covenant of 4.50 to 1.00.
Key points
- New facilities: $1.5 billion term loan A, $1.25 billion U.S. dollar revolver and $750 million multi-currency revolver
- Maturity extended from June 28, 2027 to November 25, 2030
- Interest margins range from 1.00% to 1.50% based on net leverage; 1.25% applies before delivery of fiscal 2025 quarterly financial statements (base rate margins differ)
- Maximum net leverage ratio of 4.50 to 1.00 for periods ending on or after December 31, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 25, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.